ACCEPTANCES
Noun
acceptances
plural of acceptance
Source: Wiktionary
ACCEPTANCE
Ac*cept"ance, n.
1. The act of accepting; a receiving what is offered, with
approbation, satisfaction, or acquiescence; esp., favorable
reception; approval; as, the acceptance of a gift, office, doctrine,
etc.
They shall come up with acceptance on mine altar. Isa. lx. 7.
2. State of being accepted; acceptableness. "Makes it assured of
acceptance." Shak.
3. (Com.)
(a) An assent and engagement by the person on whom a bill of exchange
is drawn, to pay it when due according to the terms of the
acceptance.
(b) The bill itself when accepted.
4. An agreeing to terms or proposals by which a bargain is concluded
and the parties are bound; the reception or taking of a thing bought
as that for which it was bought, or as that agreed to be delivered,
or the taking possession as owner.
5. (Law)
Definition: An agreeing to the action of another, by some act which binds
the person in law.
Note: What acts shall amount to such an acceptance is often a
question of great nicety and difficulty. Mozley & W.
Note: In modern law, proposal and acceptance are the constituent
elements into which all contracts are resolved. Acceptance of a bill
of exchange, check, draft, or order, is an engagement to pay it
according to the terms. This engagement is usually made by writing
the word "accepted" across the face of the bill. Acceptance of goods,
under the statute of frauds, is an intelligent acceptance by a party
knowing the nature of the transaction.
6. Meaning; acceptation. [Obs.] Acceptance of persons, partiality,
favoritism. See under Accept.
Source: Webster’s Unabridged Dictionary 1913 Edition